Word: siderurgica
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...Latin America's largest integrated steel company, it's not the blast furnaces that are shooting off the biggest sparks these days. It's Maria Silvia Bastos Marques, 40, an economist and financial wizard hired in May to restructure Companhia Siderurgica Nacional, formerly an icon of Brazilian state-driven industrialization and, since 1993, Brazil's largest privately owned firm. She has more than her share of work ahead at CSN, where she is leading what she calls an "internal revolution" that is likely to set standards for other Brazilian industries as well...
Both the Cornigliano and Terni plants are owned by Finsider (Finanziaria Siderurgica), a government-owned steel trust set up by Mussolini to modernize Italy's steel industry. (It now controls 45% of the industry.) The trust did not do very well with the production of rolled steel: total production last year was only 300,000 tons, barely half the country's requirements. When it reaches capacity in about two years, Cornigliano alone will roll 458,000 tons, and should be able to undersell other Italian-made steel by 25%. Armco will send 60 technicians to Italy to train...
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